AApproved by the Extraordinary Shareholders dated 18 January 2004 Constitution - Intent - Relations with 1'ENCI art. 1. * The association called for "ITALIAN SOCIETY AMATEURS BRACCO, even in acronym" Sabi ", established in Mirabello of Senna Lodigiana Via Dosso 7, and governed by this Association. The association has an unlimited duration and non-profit-making. It is associated all'Ente National Cinofilia Italiana (ENCI) which says the statute, regulations, decisions and determinations, carefully completing the tasks that are delegated by it under 1'indirizzo, supervision, control and power to sanction and replacement of the entity.

2. * The association has as its purpose the genetic improvement of populations, the study, promotion, 1'incremento and 1 'use of racial BRACCO ITALIAN in its variety and potenziame selection and 1'allevamento. To that end, the same also held the positions of research and verification entrusted dall'ENCI and provide the necessary technical support to the Technical Commission provided for by the Central Disciplinary-book. To this end 1'associazione to the flapper periodically provide a report on the situation of the race, along with the selection of targets that it intends to prosecute and the results obtained. In pursuit of these purposes, moreover, 1'associazione: a) disseminating propaganda and improving the breed of BRACCO ITALIAN, and shall, within the limits of its ability its partners in all initiatives that have a general interest addressed to achieve the above purposes; b) organize events, directly or indirectly in cooperation with 1'ENCI, dogs with associations recognized by this or other institutions or companies, which are also involved in these initiatives, requiring prior approval and recognition dell'ENCI the framework and the framework established by them; c) promote the publication of studies and articles on the journals theoretical and practical preparation for those interested in the race, for the livestock and hunting areas, and livestock and use of Bracchi Italiani, d) publish periodic information and Bracco on Italian culture, called "THE ITALIAN BRACCO, as well as books, directories and texts of various kinds on the Italian Bracco.

3. * The "Italian Bracco Amatori Company recognizes all 'ENCI powers of direction, supervision, inspection and sanction. Recognizing in particular the power dell'ENCI to appoint a commissioner or and take any other steps necessary in the association, as provided by statute and by social ENCI implementing regulation thereof. The association provides full cooperation to the flapper, in particular the President has the burden of: • to provide feedback, usually within fifteen Giomi, to requests for information and clarifications made dall'ENCI; • to communicate the changes to the flapper members. Changes in positions, and any other relevant infonnazione about 1'attività membership, also transmitting the acts adopted by the Committee on the discipline and organization of animal husbandry in order to otteneme ratification dall'ENCI. Partners Article

4. * They may be members of S.A.B.I. all Italian citizens and foreigners of good character who have found interest in the improvement and enhancement of Bracchi Italiani, the association whose application has been submitted and accepted in accordance with this Statute.

5. Members of S.A.B.I. are divided into ordinary members and supporters. Their rights and their duties with the Company, or by reason of their belonging to the latter, are the same, only different is the measure of the annual membership fee as sponsors will pay more as a sign of tangible support for initiatives and activities of the association. The Board may appoint honorary members persons who have acquired special merits in the field of dogs. For it is not honorary members entitled to vote, they are not required to pay the fee. They have no right to vote the members under the age of eighteen.

6. * To be members of S.A.B.I. we must make a written application and signed, validated by the signatures of two members and presenters to the President. In this application must also be stated that the applicant agrees to accept the rules of social status and discipline for, and observance of the provisions to be enacted by the Council or by the Assembly, and the status of 'ENCI, its regulation Implementation and the Regulations issued by the latter. Decide on each application the Council, which, in case of non-acceptance thereof, is not obliged to give reasons for its decision. Moreover, against the refusal to accept claim membership within thirty days of its communication through application to the President, who would endeavor to bring the matter to the attention of the first assembly useful. Applications for admission to membership, submitted in the course of which takes place 1'elezione the new board, can be trained and evaluated only by the elect.

7. The General Assembly of members with their decision establishes the extent of annual membership fees.

8. The registration applies to a member 1'annata year and a link to 1'anno later, if the member does not present a formal letter of resignation document by October 31.

9. * The quality of member is lost: a) by resignation submitted as provided for in art. 8 b) in arrears, which may be declared by the Council after 1 March of each year; c) to deportation, deliberated by the General Assembly members on the proposal of the Council. Who, for any reason, ceases to qualify for membership, shall lose all right, but not be exempt from commitments.

Art 10th * The exercise of social responsibility to members and regular members in good standing with the payment of the fee for the current year. Board 1

1. * The bodies of the Company: a) the Assembly of members; b) the Council composed of elected and appointed an advisor from 'ENCI; c) the President; d) the Board of Arbitrators; e) the Board or Audit Committee; f) the Technical Committee. You may also date to the Council to appoint territorial delegate as provided for in the subsequent art. 26th All positions within the company are free. General meeting of shareholders

12. * The General Assembly is composed of older members in good standing with the payment of the fee for the current year. Each member, whether ordinary or supporter, is entitled to one vote and may be represented in the House by another member through the written and signed. Each shareholder may be bearer of not more than two proxies. The proxies must be deposited by the member which were made out before 1'Assemblea starts. Corrections are not allowed on proxies or cancellation is allowed a delegate member may transfer its powers to another. It is not allowed in any case voting by mail.

13. The General Meeting of shareholders shall be chaired by the President or, if they so request, by a member called the present to preside. It must, before beginning the discussion of the agenda, election of the three tellers, the decision to verify the validity of the votes and proxies deposited by shareholders and run as they have to take place by secret ballot votes, the votes of cards. The General Meeting of shareholders by a majority of votes, in the event of a tie, the decision has nothing for which there will be other immediate vote, which may also be repeated until achieving a result of the majority.

14. The Assembly shall meet in ordinary least once a year in place chosen by the Executive Council by March 1'approvazione for economic reporting for the previous year and 1'approvazione program activities in 1'annata course. In extraordinary session may be convened at any other date when the Council deems it necessary, or when it is applied in writing to the President by the Board or by at least one third of the members entitled to vote. The invitation was announced by the President with timely publication sull'Organo Official dell'ENCI or, alternatively, with 1'invio by post to members of the invite to participate, which must be sent at least fifteen days prior to the convocation. Calls must state the date, location and 1'ora of the meeting and the agenda 1'ordine be treated. The Assembly is valid on first call when it is present, in person or by proxy, at least half plus one of ordinary members and supporters. After one hour from the one indicated in the invitation, 1'Assemblea is valid in second call or the number of members present. The honorary members can participate in and speak, but without voting rights.

15. * The Assembly has the duty to act: a) a general program of the company; b) the election of positions as provided for in this Statute; c) on the financial statements; d) the amendments to the Statute; e) Regulation on Implementation of the Statute; f) Measurement of the subscription for each category of members referred to in. 5, as determined by 7; g) on 'expulsion of a shareholder; h) any other item on the agenda that is not within the exclusive jurisdiction of another body Social. It is also to elect councilors, and the Arbitrators and alternate statutory auditors. The amendments to the Statute and the Rules of Implementation of the Statute will be deliberated by the extraordinary, which must be present in every case in person or by proxy at least half plus one of the members entitled to vote. Advice

16. * The Council is composed of 9 (nine) directors of which 8 (eight) are elected by the General Assembly among the members and one (1) designated dall'ENCI The members of the Council remain in office for three calendar years and may be re-elected, if during the three years were allowed to fail for any reason one or more directors, they will be replaced by its first meeting. The members so elected will turn in office and remain there until there were those who would have replaced them. If it fails, however, more than half of the Directors, the Council will be revoked and members shall remain in office within two months from the fact that the convening of the General Assembly of Shareholders for new elections to the Council. As the adviser appointed dall'ENCI, the same shall remain in office regardless of the length of the Council until the next replacement by dell'ENCI. The advisor so appointed shall report annually to the flapper of about 1'andamento and provide all information which is required under the regulation implementing the statute social ENCI.

17. The Board is responsible for implementing the statutory objectives in line with the resolutions of the General Assembly of Shareholders; between 1'altro is responsible for the social and 1'approvazione to submit to the moral and financial statements, decide on the applications Admission of new members, sponsors and index events, overseeing the work of the offices where these have been assembled and assume, appoints and dismisses personnel, defining the duties and remuneration, etc. .. The Executive Council shall draw up its Rules of Implementation of the Statute and its amendments, which it submits to the approval of the Extraordinary.

18. * The Council shall also appoint the President and a Vice President of the Company, one or possibly two secretaries and a treasurer. The President and the Vice President shall be elected by the councilors, the s Secretary and the Treasurer may not be members of the Council, not ever will be when they obtain a remuneration for their work. The Executive Council also appoints the members of the Technical Committee provided for in art. 24 and 25, as well as any territorial delegates under Article 26.

19. The Council shall meet at least once every four months and extraordinarily when the Chairman deems appropriate, and the majority of the directors or the Board of Auditors. The notices convening will be issued by the President at least ten days before each meeting. The Council is chaired by the President, or in his absence, the Vice President or, if these fail, the senior adviser of age. Its meetings are valid when a majority of the directors. Proxies are not allowed. The deliberations are taken by absolute majority of those present, in the event of a tie, the vote of the person presiding. The members of the Council will not act without just cause three consecutive meetings, may be deprived of office. The President

20. The President has the legal representation of the Company both in the internal than in external, monitor and care are implemented because the deliberations of the Council and Assembly, as it provides a fitting observance of the statutory provisions and the social discipline. In case of urgency to act with the powers of the Council, its resolutions so adopted shall be subject to the approval of the latter in its first meeting. In case of absence or impediment, the President is replaced by the Vice-President. In the event of his resignation, the Council is to provide for the appointment of a new president in the first meeting. May be appointed by the Council an Honorary President, an adviser, provided that Member. The Honorary President may attend Council meetings but without voting rights. Heritage Administration

21. The assets of the Company consists of: a) movable and immovable property; b) the amounts set aside; d) any other asset that has reached a legitimate title. The revenue of the Company are: a) annual fees paid by the Shareholders; b) by any contributions granted by bodies or persons; c) the management activities; d) any other income received in any capacity. In case of dissolution of the Company, the assets must be devoted to purposes of general utility, as act 1'Assemblea General Membership. In the absence of that resolution, the President - and in his absence the Board - to proceed with the law.

22. The financial year runs from 1 January to 31 December, the financial and economic findings are personally liable for the councilors in office until 1'Assemblea general partners with 1'approvazione sector financial reporting has not assumed commitments relating directly . The economic and financial statement reporting approved by the General Assembly members should be copied to the flapper Or board of auditors

23. The accounting and administrative supervision is entrusted to a Board composed of three mayors, elected by the General Assembly members, who shall hold office for three years and may be re-elected. The General Meeting of shareholders will also appoint an auditor: the mayors have the right to attend meetings of the Council, which shall be invited. Technical Committee

24. It consists of three members, appointed by the Board of Directors and shall expire automatically at the expiry of the mandate of the Council has appointed. The three members are elected from among the members of the Sabi One of the three will be a member of the Executive Council to allow a more autonomous activities against the Board.

25. The Technical Committee has only advisory role, for it is entrusted with the task of studying technical subjects and animal-related organization and the race to report the results of their studies to the Board of Directors. The specific topics to which the Technical Committee will dedicate its activities may be provided by the Board of Directors or independently identified by the Committee. Delegates

26. The Council may appoint Delegates territorial when it considers that this would contribute to the aims of the Society and the enhancement of Italian Bracco. In this case, the Council will set its own rules as it deems appropriate in the unit of the Association. Disciplinary rules

27. * Any member, even if it is loaded in the Company is bound by the provisions of this statute and its implementing regulation. The provisions of the Assembly and Council, dell'ENCI the statute and its implementing regulation, all ENCI regulations and the rules of ethics and fairness in sport. The member who transgresses these obligations or that by its conduct is to harm the moral or material to the Company, is liable to disciplinary sanctions. It is subject, in fact, decisions of the Board of Arbitrators of the association, and the decisions of the Boards of discipline dell'ENCI. In particular, the disciplinary powers are exercised at first instance by the Disciplinary Commission of first instance dell'ENCI and by the Board of Arbitrators of the Board of Arbitrators is made up of three members and two alternates, elected by the general partners, among partners who do not already holding the post of adviser. One of the members will always be a qualified legal matters. Any decision of a disciplinary action against a member must be adopted by majority vote with the presence of three members of the Board of Arbitrators. If a member could not attend the meeting, will be replaced by an alternate member. In case of resignation of one of the members of the College of Arbitrators, it will be replaced by an alternate until the first meeting of which will ensure the appointment permanent. The complaints against a member must be made in writing and signed, the Council shall forward to the Board of Arbitrators, which shall act in his own time with a written reasoned award after the contest to the charge rivoltogli, giving a period of at least fifteen days to produce their evidence and after hearing the President of the Company. In case of serious misconduct, the Council may, provisionally suspend the member directly from the social rights until the Arbitrators, who shall be immediately transmitted the complaint, have to decide definitively. It is for the Council to proceed with the implementation of the award issued by the Arbitrators. Decisions of the Board of Arbitrators of the Sabi be appealed to the Commission ahead of Discipline of second instance dell'ENCI using written, signed dall'appellante personally or by an authorized representative, to be sent via registered mail in deadline of thirty days from receipt of the notice of the decision, under Regulation implementation of social status dell'ENCI. The association observes and implements the decisions taken by the Board of Discipline of the first and second instance created at 1'ENCI.